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to be downgraded. >> whether we get downgraded or not. i don't think that's going to have that big an impact on the treasury markets. right now, there's a flight to quality and everybody is coming to the u.s. i think with more important and with the markets will be looking for is how this is handled politically. if the debt ceiling is raised and it's a big victory for president obama, because the republicans play into his hands, then i think it's going to spell, you know, looking forward that there's not going to be any structural changes, that we are going to have our tax increases and so forth. but if the republicans give this to president obama and say, look, we did our best. we wanted to cut spending, we wanted to cut taxes, and you didn't let us. and if president obama is forced to own that, then in november, 2012, there will be a referendum on that question. >> james, i can't help, but think that if we are downgraded, our financial reputation, our standing in the world, takes a hit. so, you know, i press that question, is a downgrade looking ever more likely? >> well, i think whether o
to the budget rather an machete. >> maybe we need to take one of these because we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these protests happened when greece with was so far in debt they had trouble borrowing money. an economist at the mercada center, she says greek riots is just the most visible. >> greeks still go on and they still serve. >> if you wanted to borrow money for a house or car, the interest rates will be dramatically high. >> greece spends so much by last year they owed more money than their entire economy produced. no wonder they are in trouble. we won't reach that level of debt until, oops, pretty soon. we're on a clear track to a greece type crisis. >> when there is no more money, there is just no more money. >> john: the
for john boehner, i think boehner was exactly right, his instincts were let's get a big deal, the problem is he couldn't sell it to his caucus dominated by tea party who consider themselves patriots, but this -- >> six months ago you heard bill talking about it with stuart varney, said we shouldn't be raising taxes in a down economy. andrea. >> he's absolutely right. these crazy tea partiers that bob loves to blast every chance he gets have the same position that president obama essentially had in 2006 when he said we shouldn't vote to raise the debt ceiling and if we did it would be irresponsible so the president, big political issues on the line but i agree with bob in one respect, john boehner has real trouble within his conference. there are members of the gop caucus that have come out and said we're not voting for any kind of deal as long as it includes raising the debt ceiling so boehner does have to work with democrats. big challenges on both sides. heather: democrats bob certainly have a problem, a lot of them are saying no cuts to social security, no cuts to medicare, no cuts to
of the problem we face as a nation. i'm a big supporter of cut, cap and balance. we had a historic vote last week that i believe was one much the most powerful votes for a taxpayer and to move to a different position wasn't some where i could go. no, it wasn't difficult. >> greta: it had some wording about a balanced budget. that didn't satisfy you? >> that was after $900 billion released and credit extended as a nation. we were saying you can have 900 billion more dollars to spend but later we will consider a balanced budget amendment. my position is we need to discuss the reforms in place now today before we extend our credit limit any more. there were are cuts and savings. only $7 billion next year compared to $900 billion of credit being released and that is nothing. that is absolutely nothing. it is one fifth of one penny of what we spend each year is what we were going to say. >> greta: sitting on the house floor and you are voting no and speaker wants you you to vote yes on it. like bad vibes, you sort of want to get out the door? >> not really. >> greta: did you tell him yourself you were
run. and the jail release that has people across the u.s. and around the world asking what one big. i'm harris falkner, this is the fox report. where will she resurface? after a verdict that sprung her from jail prompted this backlash. in minutes, the elaborate message to make casey anthony disappear from public view. plus, the terrifying home invasion at this u.s. congressman's house, that leaves him face-to-face with an armed intruder. and that's it, construction triggering carmageddon along the 405 in southern california finishing hours ahead of schedule, but way too late for this driver. the details behind this high speed chase that hit almost every other major l.a. highway. first, casey anthony, out there somewhere tonight, living her life. right now, no word of where or how. >> we hate you!. >> harris: protesters among those who gathered outside the orlando jail when the florida acquitted of murdering her two-year-old daughter caylee was set free. casey left jail this morning, her attorney, jose baez at her side. warrening a pink t-shirt, blue jeans and sneakers, said quietly th
's obama that's responsible for this fear in america. >> bill: big time entertainment mogul steve scorches president obama saying that big business fears his administration. but is that true? we'll have analysis. >> no, no, no. oh. things are tight in britain between anti-rupert -- we'll have the latest on that. >> did you ever cheat in school. >> i never cheated on a test but homework. >> yes to be honest. >> john stossel on cheating and charles krauthammer on what happens if sarah palin enters the presidential race. caution, you are about to enter the no spin zone, the factor begins right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. does big business fear president obama? that is the subject of this evening's talking points memo. first of all, i'm not going to report all the minutia surrounding the debt debate. most of it is nonsense and doesn't affect you at all. most in government believe some debt deal will get done. that's speculation if anything concrete happens the factor will report it immediately. even if the debt cei
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
're in for another deep rough patch, i think, they are getting very nervous about re-election. and, the big winner out of a grand bargain, would have absolutely been president obama, because, the not only would things have hopefully improved but he also could take credit for making a really big grown-up decision. going forward, though, you know, in two years, or actually, in one year, now, next year, after the election, it is hard for me to see how republicans will not actually be in a better position, even if they don't win the white house, there is a good chance they'll win the senate and almost certainly still control the house and i think republicans will be in a tremendously strong position, to get the kind of deal that speaker boehner went in there looking for, but clearly was not going to get from the white house. >> jamie: charlie, seems like those dismal job numbers may have changed the imperative for the house white house. how close are both sides to accepting the proposal that vice presidented by eb was able to negotiate and is that all we need? will it get us where we need to be with r
called worse. could we have a deal? welcome everyone, we're here on sunday because it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that bala
obama says he's not giving up. he didn't come to this town to do little things, he came to do big things. he wants to do the largest possible deal that's going to do the most for the economy. >> there is a lack of confidence whether these political leaders will have the guts to stand up. >> and that was white house chief of staff william daily and treasury secretary timothy geithner from earlier. geithner summing it up in this question, are the electoral leadership in washington able to come together and solve the many problems we have as a country? >> pretty much what everybody wants to know is the time to deal with our nation's debt is ticking down again. let' go live to the white house, and wendell goal ser there. what do we expect to come out of tonight's talks? >> well, harris, no one expects the final deal to come out of tonight's talks. the president had asked the democrat and republican leaders if the house and senate could come tonight's meeting with their bottom line and he talked on the phone with house speaker john boehner last night after boehner decided to back away from ta
of the united states of america. and the craziest part -- >> the u.n. wants to spend a big chunk of that money on things that have nothing to do with climate change in third world countries. stuart varney is here to weigh in on this. so where does this come from? where does the money come from and where would they like to see it go? >> where do you want to start on this one? this shows you how totally out of wack the global warming community is with american public opinion. what the u.n. says is this -- we need $1.9 trillion each and every year for 40 years in order to solve the climate problem worldwide and to reduce poverty and hunger worldwide. so they're bringing in poverty and hunger along with climate change. >> it's not all green. it's poverty, hunger and everything else. >> but you cannot eradicate poverty and hunger without going green because if you don't go green, you increase poverty and hunger. you got it? >> so where is this money expected to come from and how much is coming from the united states? >> ok, we contribute 22% of the united nations budget so theoretically, if this
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
us in the hole is the fact that government's too big and here, the american people, this is the welfare, this is the reckoning of the welfare state. it's going to stare you in the face. do you want to the government to borrow to pay back borrowing. do you want that or want something different. i think this is a great debate to be having. >> it's a great debate, ben, but feels to me like we might be entering some sort of deal that looks good on the surface, but as we get into it doesn't resolve anything. >> i'm a little puzzled about what my friend and pal and colleague dagen said about how it country can't afford higher taxes. we had much, much higher taxes in the entire period from 1941 until 2001 and did fine for most of the time so i'm kind of puzzled about that. >> you would raise taxes-- >> we have to have a deal to not interrupt each other. we can have much higher taxes and especially on very wealthy people and i don't want to raise taxes on dagen and i don't want to raise taxes on charles, but on people who are making a million dollar, a couple million a year
girlfriend >> he uses the "n" word, the c word, the f word, yet, he is treated like royalty? >> bill: big name rammers are after laura ingraham for criticizing them. miss laura will tell us if she is upset by that she is very upset that a baggage handler stole some of her stuff. >> i shall resign the presidency effective at noon tomorrow. ♪ happy birthday mr. president. >> bill: also ahead, the great american news quiz, the corruption edition. how much do you know about abysmal behavior? >> it depends upon what the meaning of the word is is. >> bill: caution, you are about to enter the no spin zone. the factor begins right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. is the tea party self-destructive? that is the subject of this evening's talking points memo. from the beginning i have supported the tea party because i believe it empowers individual americans always a good thing. also the tea party wants fiscal responsibility and a smaller federal government. again, those are good things as well. but now the tea party has com
is at the white house for us. first though mike emanuel is live on capitol hill. big question now. what changes, mike, did the speaker have to make to get the votes that he needed on this? >> harris, bottom line he put in a balanced budget amendment proposal that was the key for some conservative republicans who weren't quite comfortable with the speaker's plan. got him to the 218 votes necessary. but before the votes were cast, here is some of the speaker's passionate plea to his fellow republicans. >> this house has acted. it is time for the administration and time for our colleagues across the aisle put something on the table. tell us where you are. [cheers] >> and indeed that has been a rallying cry of republicans here on capitol hill. where is your plan, mr. president? where is your plan, senate democratic leadership? as for the senate democratic leadership what they don't like about it is the balanced budget amendment among other things but that is a key sticking point. take a listen. >> now the speaker has brought in the requirement to extend the debt ceiling we have to amend the constit
the cliff thelma and louise style but 43% of independents say what's the big deal? >> what's the pugh research? they only talk to 764 people. >> they did it all yesterday afternoon. >> by the way, we have a panel of independent voters coming up to see how they're feeling about the debt ceiling debate because obviously, they are the coveted group. >> that panel, 765. >> all right. >> a little bit bigger. >> we go to a panel of one. steve winn is the ceo of winn resorts. they have those casinos and stuff like that in vegas. he was on a conference call with investors and investment banks yesterday and he really let the president of the united states have it. we've got some quotes from the conference call. he says, here you go. "i'm saying it bluntly, that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. and i can prove it and i can spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left
quickly. that's still four or five years away and maybe deep space beyond. that's where the big questions are, whether we're going to follow through on that promise. >> you just described to us earlier how this is a record breaking crowd there at the kennedy space center. tell us what happened when the shuttle landed. >> for the first time in my coverage of the space shuttle landings, there was a huge round of applause as it landed. a lot of excitement. and there certainly is the sense of wow, this is really it. this is the very final time we're going to see this down. it's a little bit of a drag that it was predawn. it's really hard to see. usually see the shuttle approaching the runway because the lighting change on the runway lights being obscured by the shuttle coming in but then come flying behind us on the runway with a big parachute out dragging it down to a slower speed but certainly there was a lot of pride, i think, here watching this end of an era and, of course, you know, we had the big private commercial taxi service you mentioned, tom, in october, i believe, the big falcon l
vote. but that leaves a big problem and that's the debt. >> it's the debt itself. i couldn't agree more. the crisis comes, bill, not if we don't pass the debt ceiling, but if we do pass a debt ceiling it send a signal to the financial markets around the world that the united states is not capable of dealing with this enormous debt. that's the crisis. if we don't get a credible plan that brings the deficit spending down over the next two years and the president has been holding out on that. bill: do you think the markets will be spooked by that? >> you are exactly right. even as moody's and s & p said they will downgrade the debt. you would expect for the interest rate on those bonds to go up but the last couple weeks they have gone down. we cast a carte blanche $2.5 trillion increase in the debt i believe that could cause a financial panic. bill: that forces the markets to quiver. >> this is the ultimate point of leverage. that's why there has been a stalemate. republicans said if we cave on this we'll never get serious about spending. but right now it take the president to sign this bi
fireworks on the final day of testimony in the amanda knox appeal. she cored a big victory when dna found in the crime scene was unreliable. knox and her boyfriend were found guilty of murdering a british exchange student. she was sentenced to 20 years behind bars and the trial is expected to go in recess and pick up in a few weeks. it is called the nuclear option and a push to solve the debt crisis by envoking the 14th amendment. is it a smart move? we'll talk to the democrat behind the big push. >> new englands coming in from the agency responsible from -- for grading the nation. >> there is a lot of crisis that we can't predict or avoid. hurricanes, earthquakes and tornado terrorist attacks. this is not one of those crisis. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of yo
a piece of legislation, so stay tuned. bill: we shall. it will be a big deal come next week. jason chaffetz, thank you, out of utah. martha: another day at the office, really. one group of workers, union workers, just sort of, you know, having a joke, a little smoke, booze, at the lunch hour. you know? the same kind of stuff we do around here, bill. one reporter got up close and personal. this is fascinating. bill: they don't have us on camera, though. martha: thank goodness! bill: team usa, world cup final, sunday at 2:00, what a day this was, abby wombach, she's like a superhero. martha: love her. bill: that header put her one up, team usa will play japan for all the marbles. martha: love it. bill: sunday afternoon. go usa! back in a moment. bill: some stories developing in "america's newsroom", there is new violence erupting in pakistan, gunmen in the streets of karachi, opening fire, leaving seven dead and more than two dozen injured. >>> dozens of suspects connected to the mexican mafia in custody after a huge gang raid in california. the mexican mafia, considered the oldest a
's casey anthony released shortly after midnight. last night -- night before last. the big question now is where did she go? >> right, where is she? >> where did she go? we know that after the courthouse right there, they went in a series of cars over to a parking garage where her attorney was. next thing you know, we don't know. >> possibly the old switch-a-roo there. >> she's facing the possibility of some lawsuits so she can't completely disappear so we may see her popping up again. right now, we don't know where she is and that's incredible really when you think about the amount of attention that this has gotten and that everyone knows what she looks like. >> it was amazing. had to go through some precautions. for a woman without a budget, it's amazing the amount of money we were spending on her, her safetyher future for now anyway or maybe somebody is keeping a tab because she probably will be coming into some money soon. they called up her parents and said do us a favor, show up at the hotel, excuse me, at the prison, and go -- and be a good decoy for the press who are going t
-rock and a hard place. the big economic news, the bad economic news i should say is also deadly, deadly for american liberalism. the facts say that massive government spending hasn't worked to stimulate the american economy and that the liberal vision of american economics has failed. most of president obama's economic advisors have left the building, they are gone and there are few replacements and no clear cut plan to improve the economy coming out of the white house. some liberal commentators are bordering on desperate because they know a tax increase will not be forthcoming. >> they are paying the lowest taxes in 50 years. more than 50 years. more than my lifetime and they are still complaining. some aren't. there are good business people who know this game of chicken in particular is deadly and wrong and hostage taking and you shouldn't negotiate with hostage takers. >> i agree it is terrorism. >> bill: republicans have been on a nonstop mission to murder the american dream by protecting only the rich. >> bill: a new poll today has the president's job approval rating at 47%. 52% di
of a sudden have a favorable reception? >> well, look, it's a compromise. you've got big cuts, and you've got extra revenue. so it is a compromise, and you're running out of time. that august 2nd deadline is very, very close and to get this plan how you've got to move quickly because you've got to legislate, pass, vote, implement. bill: can they do that in the time they have lift? >> frankly, bill, it's doubtful. you think you can write the tax code in a couple of days? the highly unlikely. but you can see how republicans would probably go for reducing tax rates. it's hard for me to see how democrats could go for reducing tax rates. bill: now, before we fish here, though, this cut, cap and balance thing that passed in the house, that was all the talk over the past week. would that survive a senate vote or, ultimately, is it vetoed by the white house? >> i've not heard anybody who has said it will pass in the senate. that's, essentially, a symbolic move, and it's dead as of now. that's why there's so such attention on this gang of six plan. bill: we shall see. stuart, we'll see you on fox busi
. there are a lot of breaking details regarding the dates and there could be a big face injected into it as well. we'll tell you about it shortly. big blowup in washington that everybody is talking about. >> clayton in for brian today. good to have you. headlines for you first. there are no leads this morning on who is responsible for a deadly triple bombing in mumbai, india that killed 17 people. the simultaneous bombings in three separate neighborhoods described as a coordinated terror attack. 131 other people are hurt. 23 critically. investigators believe it may be revenge for police pressure on home grown terrorists. this morning, four people are dead after a homicide bomber attacked a memorial service for the half brother of afghanistan president hamid karzai. 15 others were hurt in this attack on a kandahar mosque. wally karzai was assassinated on tuesday. he was shot at close range, apparently by a confidant. the taliban has claimed responsibility for his murder. thousands paid their respects for an 8-year-old boy murdered in his brooklyn, new york, neighborhood. he went missing monday on his
. the president came out and said republicans, you have to do a big deal and by the way, if you are thinking about an interim plan, forget it, i'm not going to do it. >> i found it interesting because he basically said both sides had to get used to some sacrifice. brian, you and i had the debate yesterday on radio whether or not he would have that particular tone. but that's what he said. i found it interesting he said we should attack this right now, although a month ago he wasn't even involved in these talks. you have to ask him why the sudden urgency now. the other question is is that august 2nd deadline, could tim geithner just push that date a little bit more down the road or is that hard and firm? >> well, here is the -- >> it's not going to get easier, it's going to get harder. we might as well do it now. pull off the bandaid, eat our peas. now is the time to do it. if not now, when? i'm prepared to take on significant heat from my party to get something done. and i expect the other side should be willing to do the same thing if they mean what they say. >> it's amazing. yesterday the presid
thought it was going to be resolved, the nfl labor situation hits snoer big snag. >> this is amazing, the owners say we've ratified a deal. let's play ball and open up the gates on saturday. the players say wait a second, we haven't read the whole thing. how dare you end the longest standout and lockout in this league without our permission? listen. >> we can all work quickly expeditiously and get this agreement done. it's time to get back to football. that's what everybody here wants to do. >> i've never seen anything like that. the players wanted more time to study the last minute changes. they have a lot more players than owners. now they feel a little stand-offish, the delay means camps won't open tomorrow, perhaps and the hall of fame game that is the official launch for the preseason which is the nfl season is canceled. and every week of preseason that is canceled, average loss of $200 million for players and owners. >> big deal. >> can't we all just get along? >> how can you end a fight without the other person's permission? how can you end a stand-off without the other per
, waiting outside the jail as they ducked away into a waiting suv. the big question is where is casey anthony hiding. live at orlando,s from where caylee's remains were found. walk us through the release last night. >> reporter: i want to share brand-new information coming into fox news channel from our producer on the ground, one of many that have been working this case. kathleen rochelle. she got off the phone with mark lipman, the attorney that represents george and cindy anthony, they told -- their attorney said basically jose baez and texted them she was safe but they were at home watching the release on television. a relief that happened like clockwork at 11 past midnight according to the clock on the wall at orange county jail. take a look at the video. company anthony wearing a pink polo shirt. she was given $500 in cash, money that remained in her inmate account. a lost which donations from the public that poured in while she was incarcerated. three selected journalists captured the moment the world wanted to see, a moment that lasted a little more than ten seconds. listen. >
said he would like a big plan in terms of making substantial cuts to show we are serious about cutting the deficit. he would also like us to carry the nation through the 2012 election, but today the white house chief of staff was asked about the two-stage or two-tier plan. here is how he responded. >> if there are two steps fine, but do not of a step in the second part that lets the political system show us dysfunction. get this deficit ceiling put off perhaps after the election but more importantly putting that off and giving certainty and lifting the cloud of default is begin a serious discussion and action on the deficit. >> reporter: so the way things stand, there are conversations going on the hill and lawmakers on the hill. at this point it's not clear necessity can achieve a breakthrough. the stumbling block continues to be revenues or cutting tax loopholes, however you want to look at it. >> gregg: asian markets will be open shortly. market reaction to a deal or no deal. thank you very much. catch more of chris wallace interview with john boehner and he talked to the treasury-s
should be spending time to get americans back to work and fixing the economy. there is a big issue coming up with regards to the debt ceiling. president ought to be in washington meeting with republicans, meeting with democrats. he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis, but he is here raising money for a campaign. doesn't even have a primary opponent. >> gregg: might gop governors rally around mitt romney. he is lashing out at the current president? >> i think that is possibility. i think what you elude to, governors think that those from their ranks make the best president. you have heard a number of governors yet to endorse that idea they would like to see a governor as the nominee. they would like to see a governor as the next president. i think you have to wait a while until the field narrows or some things become a little clearer. at this point i just don't think there is enough reason for the vast majority of the governors to come together and endorse and pick a candidate. >>
to demand, you are contributing more to this problem or as much to this problem of the big deficit. >> government cannot create wealth. come on. we have come out three years where government by spending massive amounts it could create jobs and create wealth and you've seen that. >> history is full of examples. reagan saw tax cuts and growing economy. clinton years saw tax hikes and a growing economy. but don't confuse with causation it's cumulation of trillions of goods, services and money. no one person, no president and no economist can predict with certainty where a tax policy leads. wrong predictions are a foundation of economic study. >> the size of economics is looking what the unintended consequences. >> one unintended consequence is tax on luxury goods in the early 1990s. the law imposed extra taxes on jewelry of $10,000 of cars of over $30,000 and boats of over $100,000. it was seen as a way of raising revenue by targeting people that could most afford it, the wealthy. the pleasure boat industry laid off 19,000 blue collar workers. so economists offer answers but few guara
to report. the big apple is expected to be back by 2013 and that is not the case for other major metro areas. a report commissioned by the u.s. conference of mayors, one in 7 will not reach prerecession levels until 2020. that is the engines of u.s. economic growth and producing the jobs that. can mean problems for the u.s. economy and while areas have picked up. others are lagging. >> there are things that are holding recovery back and that is still the housing market. places with big housing booms and busts. florida, and southern california . nevada and parts of the rest of the southwest. in new york city internet start ups are helping to create thousands of jobs. oyster.com. it is it a hotel reviewing. they started with five employees and grew to 20 and expect to add 100 new people in the new york headquarters made possible by the pool of potential workers . we havital ept and design and media and a lot of thital ept and engineering and marketing as well it is a great place for a start up. i am not the only one who thinks it. it is a challenge. >> and so if you are in the tech field work
that the market will believe in. >> thank you, we'll tell you two big interviews on fox news sunday. chris wallace speaks with john boehner. an exclusive only on fox . chris will talk with treasury secretary tim githener. you will not want to miss it >> now to norway, a nation in mourning tonight. new information about the two terror attacks that shock that country. the suspect in the attack telling local media that his client admitted responsibility. one of the attacks a bombing in the office of the prime minister. he was not there at the time. the crisis has united the norwedgian people. >> norway is a small country but we feel very strong with the people of about the violence we have seen. >> police have not confirmed a second shooter in the youth camp yesterday. but they are saying they are investigate witness reports. the shooting rampage killed 80 people there alone. survivors counting the cold blooded nature of the gunman. >> she - he was going around and killing people and i saw a girl and she was crying because she had seen him shoot another person. >> and latest streaming live for us in
speaker john boehner today. not going for a big huge deal now. this is part of what chuck schumer had to say -- >> shannon: your response? >> i suspect that is more of the grand politics that you hear playing out there. because it was never put on the table. the kind of reform that john boehner has been asking for, the kind of reform i'm talking about. what was put on the table was again, tax hikes on the wealthy. so that we can do less spending reduction. we've got to get out of that paradigm. we've got to get out of the politics. some of the politics poll really well. one of the problem we're having now is pollsters are at full employment. and politicians are following what they are telling them. it's telling them on the one hand don't put social security or medicare on the table. don't talk about those things. on the other hand, just talk about taxing the rich. you will be fine. but that doesn't help us get to a solution. >> shannon: we certainly hope that you find one. we know you are busy not only with the gang of six or five or whatever it currently stands to be but with everyth
in mind the big ones' going to hear about s & p, and fitch investments and moody's, the troika of terror increasingly at the markets because at the push of one of their financial buttons they could decide to downgrade u.s. debt. that's worried barney frank because he thinks that moody's, for example, jumped the gun hinting it would put debt on review for possible downgrade and others views that these guys have gotten to the deadlines and the ratings agencies are getting antsy and a lot of folks on capitol hill are saying that isn't fair or write. and we've got the democrat from arkansas, senator, what do you think of what barney frank is saying, look, if moody's or s & p want to move that's one thing, but to threaten a potential downgrade n now, just bad timing. >> well, there's no doubt. all of this is bad timing we are in the middle of the session, that's terrible. the bottom line the rating agencies have been around a long time and always treated the u.s. government debt as triple-a. and really the best in the world. >> neil: even though their own track record isn't great. >> not alwa
over well with democrats at all. president obama insisted on a balanced plan, and loopholes for big corporations and richest americans, and now the president may have to try to sell a plan with no revenue increases, no tax hikes on the wealthy at all. at least right now. ed henry live on the lawn. what is the white house complaint from the left of its party. >> shep, what they're saying is basically trust us. in the first round here, as mike lays out, it will be about a trillion dollars of spending cuts upfront. no tax changes. but in the second round when the special committee of congress comes up, the white house is insisting, look, they'll look at spending cuts and tax changes as well. listen to david ploucke, the second looking at tax reform. and this isn't about playing on a republican playing field. >> there are a lot of liberals in this town who are very skeptical and they believe it's being played on the republican playing field because they've gotten the spending cuts upfront and it's unclear whether or not tax changes will really materialize down the road, shep. >> the com
with fake documents to get real passports and then come to the u.s. and a big part of the problem is that countries aren't sharing information with each other. part of this government accountability office report says "even when countries have terrorist screening information, they may not have reciprocal relationships to share such information or other traveler information such as passenger airline lists with other countries to limit the ability of preventing travel of known or suspected terrorists." even though a passport can't kill someone, it can help a bad guy get in position to do some serious damage. >> travel documents are the same as weapons to terrorists. they can't carry out their plots without them. with our partners, and again, some of that is out of our control. we're closer to a c. >> and this gao report deals heavily with the breakdown, basically in communication with other countries. here at home, though, we are not perfect because since november 2001, just a few weeks after 9/11, there have been 25,000 security breaches at u.s. airports. that's about seven a day a
amendment rights. >> a big part of it is how well you're doing it. i did a survey and i asked people who are voters whether they watch fox news or not and i found that 67% of republicans watch fox news several times a week or more. that you knew. but 54% of independents watched it several times a week or more. and 21% of democrats watched it several times a week or more. so there really is an effort here to try to demonize a source of information. and, you know, you guys don't make this stuff up. the stuff you're reporting is stuff that's happening. you know, pugh research did a study during the last campaign that as far as i'm concerned is definitive. they looked at the fox news stuff. not like we're doing now which is opinion. but the news part. the 6:00 and 7:00 news broadcast. and they did the number of seconds that were devoted to positive and negative coverage of each candidate. and the only network that came close to parody between positive and negative on obama and on mccain was fox news. the others were skewed four and five to 1 negative on mccain and positive on obama. >> spea
believes that is not a wise position. that if big spending cuts are agreed upon the federal debt ceiling should be raised for the good of the nation. it's the same thing that happened three years ago when president bush told the country the economy was about to collapse because the financial industry was going under. some americans didn't believe that but all the evidence says it was true. that the feds had to bail out the financial industry and that's what happened. same boat, different year. you can imagine what the worldwide markets will do if the u.s.a. defaults on obligations in august. all of us will suffer economically because foreign investors would begin to pull their money out of america. the dollar would plummet along with stocks. so a deal must get done. but president obama is making a huge mistake in trying to raise taxes now. why bother with that? just campaign on your economic position, mr. president. and if you get reelected you can raise taxes later. on the g.o.p. side, we need tax reform desperately in this country. we need to raise more revenue in smart ways. perhaps a
here. and big things to overcome. i'm neil cavuto and it's hot outside and heated inside. two sides are still at a logjam over the basic issues that have sprayed them from very beginning in this debt ceiling debate and whether we extend it and address some of the spending issues that are so inherent and important in this ongoing debate. here is the latest we can tell you. the progressive caucus, 75 members strong in the house of representatives, bernie sanders in the senate, saying that what they are talking about than the deal itself and dead set against approving any middle ground measure approved by republicans and democrats at this juncture. we have senate democrats meeting with this very latest impasse. white house says it's willing to extend the debt deadline by maybe a couple days if necessary if the two sides are close. as we stress, that is not a given right now. the first chance for stock markets comes from few hours, asians open few hours and middle eastern markets, they were find of nonplused by these developments. we have pennsylvania republican pat toomey and there is
you know them as three doors down, they've had all kinds of platinum records and big time hits. they'll be performing live on our concert stage out on the plaza today. and of course, famous dave's cooking up barbecue all morning long so if you're in the neighborhood, stop by 48th and sixth avenue, not a free concert but free breakfast and you might meet clayton morris. >> if you're lucky. i won't make any promises. friends e-mailed me last night, three doors down, huge fans. >> that could be three drawers down baseed on that guy in the video. he was in his drawers. that's a wake-up call. that guy in his drawers as well as your headlines this morning. he didn't want to kill terrorists in afghanistan perhaps because he wanted to kill americans right here at home. awol soldier may have been inspired by al-qaida cleric copycat to the ft. hood massacre, they are checking into that following his arrest and confession that he wanted to, "get even" with the army allegedly plotting two attacks near the base. the suspected gunman in the original attack had direct contact with awlaki. yesterday
to and in, on the other hand you are contributing more to a problem or as much to the problem of the big deficit. >> government cannot create wealth. we came out of three years where government has told us by spending massive amounts, it could actually create jobs and hence create wealth. we've seen it work. >> history is full of examples. reagan years saw tax cuts and growing economy. clinton years saw tax hikes and growing economy. economic trends a culmination of trillions of exchange of goods, services and money. no one person, no president and no economist can predict with certainty where a tax policy leads. wrong predictions or a foundation of economic study. >> the science of economics is looking what unintended consequences. >> one consequence, they made a tax on luxury goods, jewelry over $10,000. of cars over $30,000 and on boats have over $100,000. it was seen as a way to raise revenues by targeting the wealthy. as a result, car importers lost 20% of the market share and pleasure boat industry laid off 19,000 blue collar workers. so there are answers but few guarantees of succ
's a big chance the defense is taking to go after the father of the defendant. when have you ever seen that in in any trial in this country? and yet, baez diecided that he had to raise questions about george anthony so the jurors would go back to the deliberation room to say too many questions in this case to be certain enough to convict on first degree murder. somehow the duct tape got on caylee's mouth. baez is trying to plant the seed that maybe george anthony did it for some bizarre reason, who knows? but again, it isn't the defense burden to prove anything and if the jury has these free floating question marks, some anxieties about the burden of proof, that could be enough to get either not guilty or as was pointed out a couple of moments ago, a couple of hold up jurors who said i'm not going to convict casey anthony of first degree murder. there's not enough evidence to convince me beyond a reasonable doubt. >> great to see you this morning. thanks so much. happy fourth of july to you and to your viewers this morning, we want to let you know that at 8:30 eastern time, continuing
are big and bad. new video of a suspected serial groper and one city's search for the guy who can't keep his hands to himself. movement in the debt showdown as we speak. president obama meeting with democratic leaders harry reid and nancy pelosi receipt now at the white house and here is what we know. from the house speaker john boehner deciding not to announce the proposal tonight, but expected to introduce a bill tomorrow afternoon. earlier he made an exclusive appearance on fox news sunday and at that point he was hoping to have an announcement by 4 p.m. eastern today. >> we've got a spending problem. and i'm going to do everything i can to try to tackle this problem in as big a way as i can, because it's the right thing for the country. >> even if it causes heartburn in the g.o.p. caucus? >> it's about doing the right thing for our country. >> harris: another key player in the crisis speaking with chris wallace today. tim geithner explaining why president obama is against a short plan. >> we're trying to do something important, to avoid default today and-- >> you may end up with defa
of the midwest. >>> those power companies are asking people to conserve where they can. >> gregg: big question when can folks expect relief from this sticky heat. meteorologist maria molina in the extreme weather center? >> depending on where you live. in you live in the upper midwest or northeast you are expected to get relief. parts in the southern plains, oh man, texas and dallas, texas and triple-digits for days to come. parts in the southeast are not expecting any relief. northern parts, a cold front is going through the region but 95 in new york city. and it feels like 101 in new york. 106 is dallas, texas. so those dangerous levels of heat and humidity. there are a number of affected heat warnings out for those areas shaded in red also across portions of the midwest. that is where we could see heat index values up to 120 degrees. take a look at them from yesterday. 124 in wilmington, delaware and many other areas are looking at extremely high heat index values. throughout the great lakes it is going to produce some severe weather. as we head into tomorrow, it will look better but still
on and now the weather maps. big story the last couple of days has been a nonstory, tropical storm don became nothing, unfortunately. folks in texas hopes to get a big storm out of this and get some rain at least. the storm slowed up and they did not get the rain. across the eastern part of the country, across coastal areas, there was some rain but not too far inland but they will take anything they can get the entire state of texas is dealing with the worst drought they have ever had and now the radar, the eastern part of the country will deal with storms. it is hot. humid. we will see more storms this afternoon. texas unfortunately is not beginning to get much rain. in the northern plains, big storms, and some this afternoon, and they will be severe, keep that in mind, and across the west, we will continue to deal with storms cross the four corners. and now, everyone is excited about the state fair for the food and this year, those are doughnuts and a burger. and bacon. how is that for breakfast? take a bite. >> rick will be 20 pounds heavier by the end of the show. >> we will not be able t
in a very big and vital state of new york. >> most importantly, one, the white house says it's not true and secondly, biden himself, he's been the target of getting off a ticket since january of 2009. when hillary clinton was going to take it over and that would be the smart thing to do politically. as much as people might have strong feelings about vice president biden, i think that for president obama, he's been a good vice president. he marches his soldiers on. he does the bidding. and he -- i think there's no reason for it to change but also this, while i respect the reporter and i'm sure he's got good sources, i just don't see what changing courses mid stream and getting the governor from new york gets you >> you can tell how much the white house doesn't want to talk about something when they dump it out on a friday. according to the economic council of advisors, they've come out with their seventh quarterly report and what they said is the stimulus, remember, it was going to save us from big -- >> save or create three million jobs. >> it was going to do that. it didn't do that. o
warren buffett and i agree. he is making mistakes. >> laura: the "the washington post" had a big front pager. apparently everybody from dianne feinstein, barbara were reportedly really upset and demanding answers from the top guy there jack lou on what this deal is w. boehner saying wait a second. >> you may be about to sell us out here. the democrats actually could, some are thinking, be the ones to scuttle any deal in the senate because of cuts, actually. >> bill: well, and this is the president's major mistake. he is not articulated to anybody what his vision is for getting out of this debt jam. let's be really simple because i'm a simple guy as you know, laura. first thing is under president obama we are now running up a debt at $4 billion a day. all right? nobody has ever come close in the history of this country to spending this much money $4 billion every single day is added to the debt. that's on the president's plate. he can make excuses for it he can do a little dance, but that is the fact, jack. so now the president has to say here's how i'm going it get the debt down, exact
to split up california in two. representatives officially endorsing that idea with one big catch. no public funding can be spent on the movement. the new state would be made up of 13 counties. but there is a catch called the u.s. constitution. there can be no new states without consent from congress and the state legislature. they are billions in the hole in california. alisyn: democrats finding off a republican challenge to hold off a congressional seat in california. democrat janice kahn defeating businessman huey. hahn winning by 10 points in a district where the democrats have a 10-point edge. it shows a sizable number of people breaking with the democratic party there. in a moment she'll walk free in only four days. but she may cease to be called casey anthony. why one of the most famous faces in the country may get the witness protection treatment when she leaves jail. alisyn: chaos in the courtroom. police draw their weapons to restore order here. bill: there is one person surging and that person is not even a candidate. karl rove on the 2012 field and whether we may see the big chan
party do you think is more responsible for the big national debt. 32% say republicans. 28% democrats and 36% say both parties are to blame. now, the propry tore of dick morris .com. i'm surprised by the republican number. shows you are a.b an honest gu. did an honest poll. >> the residual blame that attaches to all things bush. >> bill: you think i t? >> and then the adeof a balanced budget under clinton and then a deficit all of a sudden under bush and that is what they remember. the other question in my poll was i asked people which party regardless of which party you support do you think would do the best job of holding down the national debt. and republicans win that by 35 to 25. so. >> bill: still should be 75 to 25. >> there are about 35 to 40% of the american people refuse to make those judgments by party. they hate them both that much. >> bill: and is true. there is recentment against most parties that is for sure. we didn't hear much today about the debt business, the gang of six or the seven aces, i don't know who they are. what do we have now, 12 days before the nation sin
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